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Atlantic Aviation Valued Close to $10B With Private Equity Injection

Apollo Global Management funds acquire ‘significant interest’ in FBO under new strategic partnership.

Atlantic Aviation FBO
Private investors continue to bet on aviation infrastructure providers such as Atlantic Aviation, which has more than 100 North American FBO locations. [Credit: Atlantic Aviation]
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Key Takeaways:

  • Apollo Global Management funds have acquired a significant stake in Atlantic Aviation, one of the world's largest Fixed Base Operator (FBO) networks, in a deal valuing the company at nearly $10 billion, with previous investor KKR remaining a substantial shareholder.
  • Atlantic Aviation operates over 100 FBO locations across North America, providing critical services for private aircraft, and is actively investing in infrastructure to support future electric vertical takeoff and landing (eVTOL) aircraft.
  • This investment underscores a broader trend of private equity firms actively acquiring aviation infrastructure assets like FBOs, driven by strong demand in private and business aviation and the perceived stability of such investments.
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Apollo Global Management said Thursday that its managed funds have taken a “significant interest” in Atlantic Aviation, which operates one of the world’s largest FBO networks. Apollo said the deal values Atlantic at nearly $10 billion.

Atlantic offers fueling, maintenance, deicing, hangar leasing, and concierge services for private aircraft out of more than 100 North American locations. The company also seeks to accommodate future aircraft, including electric vertical takeoff and landing (eVTOL) air taxis, by building a network of electrified vertiports under its Vertiports by Atlantic (VbA) unit.

Jack Daleo

Jack is a staff writer covering advanced air mobility, including everything from drones to unmanned aircraft systems to space travel—and a whole lot more. He spent close to two years reporting on drone delivery for FreightWaves, covering the biggest news and developments in the space and connecting with industry executives and experts. Jack is also a basketball aficionado, a frequent traveler and a lover of all things logistics.

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